Propositions Concerning Protection and Free Trade

Paperback | February 2, 2012

byWillard Phillips

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1850. Excerpt: ... great mass of the most important productions of the arts." And if you so assent, you must be a protectionist, at least to the extent of the saving on the present money price, for if the question is whether a certain duty is to be imposed or maintained on a certain article, you will, if your notion of economy, as a legislator, is like that of an individual in his own affairs, examine to ascertain whether the article in question is of the description on which a protective duty will result in a saving in the present cash account. The dogma of free trade will not exonerate you from the obligation to make this inquiry; for you have thus conclusively shut out let-alone. But I persuade myself that you will, on examining the subject, go further, and take into the account, the other collateral, incidental, indirect, and consequential advantages of promoting the arts, which are so vastly more important than a trifling enhancement or reduction of the present money price of an article; but you are bound, at any rate, to go as far as this will carry you. L. Diminishing the duty on imports does not necessarily diminish the price--Free trade alleges that it diminishes the price in the ratio of the duty. It follows from the preceding proposition, that diminishing the duty on the imported article does not necessarily, and in all cases, diminish the price to the consumer. If the duty were abolished to-day on all the manufactures of the kinds that we send to foreign markets and sell there against all competition, it might encourage foreign manufactures to make use of their larger capital and wider business to drive our domestic manufactures out of our own market and break them up; but the same goods would then come to our consumers at a higher price, as already shown. This ...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1850. Excerpt: ... great mass of the most important productions of the arts." And if you so assent, you must be a protectionist, at least to the ...

Format:PaperbackDimensions:72 pages, 9.69 × 7.44 × 0.15 inPublished:February 2, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217251951

ISBN - 13:9780217251952

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